Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

Driven by the arrival of online banking and a competitive rate environment, high-yield savings accounts (HYSAs) became prominent in the mid-2000s. Money market accounts (MMAs) have been around since ...